China Overseas Property (South China Region)

[China Overseas Property]
China Overseas Property is the real estate business platform of China Overseas Group (affiliated with China State Construction Engineering Corporation). It was founded in Hong Kong in 1979, listed on the Hong Kong Stock Exchange in 1992, and included in the Hang Seng Index in 2007. The company focuses on creating premium properties in mainstream cities, with 38 years of experience in real estate development and commercial property operation and management. Its business spans nearly 60 cities in the UK (London), Hong Kong, Macau, and mainland China, with over 450 development projects cumulatively. The China Overseas series of office buildings, Parc 66 shopping malls, star-rated hotels, and other commercial properties held and in operation amount to 2.5 million square meters. By the end of 2016, the company's total assets reached HKD 571.3 billion, with net assets of HKD 222.3 billion. The land reserve of China Overseas companies totaled 74.51 million square meters. In 2016, contracted sales amounted to HKD 210.6 billion, with a net profit of HKD 37.02 billion.

[China Overseas Property South China Region]
China Overseas Property (South China Region) is one of the regional management platforms of China Overseas Property Group, established in 2008 and headquartered in Guangzhou. The regional company aligns with the group's functions of management, service, and leadership, coordinating the allocation of relevant resources, better fulfilling service and support roles, driving deep localization of regional companies, and strengthening the comprehensive management functions of regional companies as frontline combat units.
The South China Region oversees nine regional companies: Guangzhou, Shenzhen (including Dongguan), Foshan (including Zhongshan), Changsha, Xiamen, Fuzhou, Hainan (including Haikou, Sanya, and Wanning), Zhuhai, and CITIC China Southern Airlines C&D. Among these, Changsha and Xiamen were entered in 2011, Fuzhou in 2013, Haikou in 2015, Dongguan, Sanya, and Wanning were added after CITIC integration in 2016, and at the end of 2016, Zhuhai Company and CITIC China Southern Airlines C&D were placed under South China Region's jurisdiction.
From 2011 to 2016, the annual contract amount of the South China Region increased from RMB 8.07 billion to RMB 34.19 billion, an increase of 324% over five years; annual profit increased from RMB 2.904 billion to RMB 4.47 billion, an increase of 54% over five years. It is one of the strategically important regional companies of China Overseas Property Group.